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GBPUSD Bullish Setup continuation

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Price found support 1.1923, and we have been having multiple 1h breaks in structure.
However, Wednesday LDN and NY session showed price consolidating at the break of a major structure.
I am anticipating a liquidity grab to discount and then bullish price action to 1.2138 for Thursday and a further bullish break of structure to 1.2242 on Friday.

Always, trade cautiously.

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:) This is a good morning.

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It does look like NY session is going to be bearish.

Ghi chú

Price hit my BE. However, I would keep watching

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Ghi chú

was stopped out at BE. I hope we don't experience the complicated pullbacks of yesterday.

Ghi chú

If Price retest the supply, I would re-enter.

Ghi chú

we tested supply at 38.2, It means we have a lower high now. I would sell at the retest.

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Ghi chú

I would be looking for 15mins accumulation for a buy.

Ghi chú

My buy analysis might not happen this week. LDN session has closed, and we are fast approaching NY session close. Looking at the Daily chart, we have made a new low. I am certain of a few things:
1. The sell trend is over
2. A bearish retracement is imminent for price to continue lower
3. Price is entering exhaustion on the daily and already oversold on the H4.
If the daily chart closes with an engulfing candle, I would look for a retest into tomorrow and more selling opportunities to the break of the low of today's candle.

Ghi chú

Currently, I see 2 different scenarios if we continue selling tomorrow:

Ghi chú

When I said the sell trend is over, I meant we shouldn't be anticipating any crazy bearish expansion because we are at the tail end of the trend. If price would have reached more lower target, it should have happened today to set the tone of tomorrow the last day of the week.
NFP is happening tomorrow. Crazy volatility. As always, trade cautiously.

Ghi chú

Good morning, this is the plan for this morning. I already have a buy target from yesterday. However, there is still the possibility of a sell.

Ghi chú

It's confirmed, we are selling for LDN breakout.

Ghi chú

I would be looking for an entry at the 88.6

Ghi chú

It doesnt look like it would take liquidity. would sell with 5mins retest

Ghi chú

Just closed my sell. Sweet trade 17:1RR. This is what I am anticipating next:

Ghi chú

Price has not met my expectation for LDN session. I would also be watching for this:

Ghi chú

I initially entered a sell position, but it hit BE. I see now we would touch the discount of the larger swing.

Ghi chú

The only way I would take a sell at this level is a 15mins BOS.

Ghi chú

Price gotten to discount. 5min BOS is key to a sell entry.

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SwingingPrime

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